If the deal is approved by the state, a company run by Knobel called Brightstar will take control of Native Roots, with the ownership stakes of partners Josh Ginsberg and Rhett Jordan dropping from 25% apiece to 15.34% and 13.34%, respectively.

Ginsberg confirmed to the Times that the deal applies to all of Native Roots’ shops.

“It’s company-wide,” Ginsberg told the newspaper.

The report did not mention whether terms of the ownership change were disclosed.

Knobel has sunk millions of his own money into the business, according to a Denver Post report in May, including the purchase of a 160,000-square-foot Denver warehouse for $5.1 million in 2013 to house a gigantic cannabis grow operation.

Knobel, Ginsberg and Jordan owned a cumulative 134 cannabis business licenses as of April, the Times reported.